NewLake Capital Partners Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Property, Plant & Equipment	377.52	386.84	380.49	379.74	278.93	123.96
Cash & Equivalents	23.57	20.21	25.84	45.19	127.1	19.62
Other Intangible Assets	16.2	17.79	19.78	21.77	24	-
Loans Receivable Current	4.92	4.88	4.83	5	30	-
Other Current Assets	-	-	-	-	-	0.6
Other Long-Term Assets	1.79	1.8	2.35	2.55	0.86	-
Total Assets	424	431.54	433.29	454.25	460.88	144.18
Current Portion of Leases	0.02	0.08	-	-	-	-
Long-Term Debt	7.6	7.6	2	2.99	3.76	-
Long-Term Leases	0.04	0.04	-	-	-	-
Accounts Payable	1.3	1.52	1.12	1.66	1.4	-
Accrued Expenses	-	-	-	-	2.14	0.66
Other Current Liabilities	9.02	9.25	8.39	8.51	6.77	0.89
Long-Term Unearned Revenue	1.27	0.68	0.99	1.38	1.43	-
Other Long-Term Liabilities	7.14	8.4	8.84	8.78	6.05	1.59
Total Liabilities	26.4	27.56	21.34	23.31	21.55	3.15
Preferred Stock, Redeemable	-	-	-	-	-	0.06
Common Stock	0.21	0.21	0.21	0.21	0.21	0.08
Additional Paid-In Capital	447.07	446.63	445.29	455.82	450.92	151.78
Retained Earnings	-56.47	-50.07	-40.91	-32.49	-23.57	-17.15
Total Common Equity	390.81	396.77	404.59	423.55	427.56	134.7
Minority Interest	6.8	7.21	7.37	7.39	11.78	6.27
Shareholders' Equity	397.6	403.97	411.96	430.94	439.34	141.03
Total Liabilities & Equity	424	431.54	433.29	454.25	460.88	144.18
Total Debt	7.66	7.72	2	2.99	3.76	-
Net Cash (Debt)	15.91	12.5	23.84	42.21	123.34	19.62
Net Cash (Debt) Growth	31.50%	-47.59%	-43.51%	-65.78%	528.73%	-70.58%
Net Cash Per Share	0.76	0.60	1.11	1.94	7.02	2.75
Filing Date Shares Outstanding	20.55	20.53	20.5	21.41	21.24	7.76
Total Common Shares Outstanding	20.55	20.51	20.5	21.41	21.24	7.76
Book Value Per Share	19.01	19.34	19.73	19.78	20.13	17.36
Tangible Book Value	374.6	378.97	384.81	401.78	403.55	134.7
Tangible Book Value Per Share	18.23	18.47	18.77	18.77	19.00	17.36
Land	23.22	22.89	21.4	21.43	15.65	2.49
Buildings	408.93	408.55	390.91	378.05	272.43	124.12

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.